How the Holiday Season Affects the Land Business
Jack Butala: Jack Butala for Land Academy. Welcome to our Cashflow from Land show. Today, Jill and I talk about how the holiday season affects the land business.
Jill DeWit: It's beginning to look a lot like Christmas!
Jack Butala: By the way, this is Jill's favorite time of year, so I have a lot of questions about that. It's not exactly my favorite time.
Jill DeWit: I had to do that.
Jack Butala: Before we get into all that, let's check in with how acquisitions are going. It's early December. What do you have on your plate?
Jill DeWit: I have people giving me land every day.
Jack Butala: You have people giving you land?
Jill DeWit: Pretty much. Maybe it's a cashflow thing for them right now, but I've got people calling me back multiple times to say, "Hey, are we still on? Do yo want this?" I feel so bad because I'm just saying, "Yes, I do, bear with me. I can't get to it today."
Jack Butala: Give us some raw ballpark numbers, because I want to talk about this holiday season thing. How many properties are in your list that you need to address or purchase or close? Give us a couple of properties that stick in your mind that you just ... you know what I'm saying. A couple of properties that you're just licking your lips over.
Jill DeWit: Yeah. There's this one. It's Taos. It's not a big lot, but it's an awesome lot.
Jack Butala: Taos, New Mexico.
Jill DeWit: Taos, New Mexico. I just love that area myself. Here I am getting emotional about it. Don't worry, folks, I'm not buying it for me. I'm going to give it away, or I'm going to sell it or something.
Jack Butala: I love Taos too, by the way.
Jill DeWit: I do.
Jack Butala: Of all the property, the thousands and thousands of properties that I've ever purchased all over the country, there are properties in Taos that I have kept. You know about that little list on the server.
Jill DeWit: What little list?
Jack Butala: There's a little list on the server of properties that I purchased and keep.
Jill DeWit: Is that like you as a man, you have your own separate little cash bank account somewhere that nobody knows about?
Jack Butala: What separate bank account?
Jill DeWit: Thank you! "Hey, what's that in the corner?" "That's a safe. You don't need to know about that."
Jack Butala: Anyway, what's on your list? What's on your acquisition list?
Jill DeWit: This Taos one that I'm kind of excited about. Then, I have a new one that just came in.
Jack Butala: Wait, what are you buying ... how much are you going to buy it for?
Jill DeWit: Oh, a couple hundred bucks. I'm trying to remember off the top of my head the size. I think it's an acre. It's an an area that traditionally are acre lots, so I'm going to pick it up for ...
Jack Butala: What's it worth? What's it worth in our silly world?
Jill DeWit: In our silly world, if I really wanted to sit on it, if I wanted to do it all right, I could sell it for $2500. To sell an acre in Taos, that's nothing.
Jack Butala: For cash.
Jill DeWit: For cash.
Jack Butala: We've got several terms properties over there, I know, too. We're making a couple hundred bucks a month on each. I know, this is probably even before you, I bought those for the same amount of money, $100 or $200,